Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

POP OVER TO STORY: The New York City Economic Development Corporation and the Chelsea-based retailer Story have launched Project Pop-Up NYC, a competition to help innovative retail and technology businesses. Participants have the chance to win a temporary pop-up store, public relations-marketing support and business mentoring. Up to three retailers will receive a monthlong space in Story’s Tenth Avenue location, starting during New York Fashion Week in September. All sales will go to each respective winner.

In addition, up to eight fashion technology companies will be given space in Story to showcase and promote their products with apps, enabling technologies and other types of software throughout September. The winners will receive a variety of other business services.

WWD's Ultimate Holiday Gift Guide is brought to you by @styleontherise and is complete with the perfect presents for everyone on your list. Click the link in our bio to start shopping NOW. #WWDHoliday #Sponsored

@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)

It was a big night for Demna Gvasalia at the Fashion Awards 2016 in London: The designer took home the award for international ready-to-wear designer for his work at @balenciaga, while his brand @vetements_official scooped international urban luxury brand. (📷: @giovanni_giannoni_photo)